FXI Options History — February 2026

In February 2026, FXI traded between $37.34 and $39.59. ATM implied volatility averaged 25.0%, placing in the 17.1% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 4.6% (HV 20d: 20.4%). Max pain ranged from $39.00 to $39.50. Net GEX was positive for 8 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 0.87.

Notable Days

2026-02-11: Highest Volume — 515,880 contracts
2026-02-06: Largest IV drop — 9.0% change
2026-02-05: Highest IV Rank — 23.8%
2026-02-05: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.62	$37.34	$39.59	$39.11	$37.34
Max Pain	$39.08	$39.00	$39.50	$39.50	$39.00
ATM IV	25.0%	24.0%	27.8%	24.8%	24.3%
Expected Move	7.1%	6.8%	7.6%	6.9%	7.0%
HV 20d	20.4%	18.6%	23.3%	21.6%	19.5%
HV 60d	19.5%	19.1%	19.9%	19.4%	19.9%
IV Rank	17.1%	14.8%	23.8%	16.7%	15.4%
IV Percentile	55.8%	45.6%	69.8%	55.2%	49.2%
Term Structure	0.0%	-1.0%	1.8%	-1.0%	0.4%
VWIV	25.4%	24.0%	27.9%	24.7%	24.6%
Skew 25d	1.4%	0.4%	2.3%	1.1%	1.5%
Skew 10d	3.2%	-5.3%	13.3%	1.7%	1.8%
Call IV 25d	25.3%	24.2%	28.2%	26.0%	24.4%
Put IV 25d	26.6%	25.2%	29.9%	27.1%	25.9%
Bid-Ask Spread %	27.88	11.39	63.95	12.15	12.22
Gamma HHI	0.08	0.08	0.09	0.08	0.08
Net GEX	-11.5M	-77.1M	49.3M	8.9M	-77.1M
Net DEX	492.2M	-655.4M	1.57B	-7.6M	1.57B
Net VEX	-25.0M	-25.9M	-22.9M	-25.8M	-22.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.08	2.17	0.54	0.57
Total Volume	122,145.632	49,065	515,880	121,655	59,061
Total OI	4,667,129.105	4,409,702	5,082,261	4,419,593	4,524,056

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2026-02-02	$39.11	$39.50	24.8%	6.9%	21.6%	16.7%	24.7%	1.1%	-1.0%	8.9M	-7.6M	-25.8M	0.54	12.15	78,917	42,738	2,006,151	2,413,442
2026-02-03	$38.69	$39.50	25.2%	6.9%	21.8%	17.7%	24.6%	1.6%	0.3%	-16.8M	519.1M	-25.7M	0.87	12.02	42,916	37,160	2,046,567	2,431,294
2026-02-04	$38.30	$39.50	26.8%	7.2%	22.0%	21.4%	25.2%	2.3%	-1.0%	-27.8M	876.0M	-25.7M	1.64	26.79	31,251	51,159	2,070,187	2,441,723
2026-02-05	$38.20	$39.00	27.8%	7.6%	21.3%	23.8%	27.8%	1.7%	-0.4%	-31.1M	897.3M	-25.3M	0.44	50.40	42,178	18,538	2,083,591	2,465,110
2026-02-06	$39.14	$39.00	25.3%	7.3%	23.2%	17.8%	26.6%	1.4%	0.1%	20.1M	-96.4M	-25.6M	0.68	53.78	56,620	38,527	2,115,159	2,469,086
2026-02-09	$39.39	$39.00	24.9%	7.1%	23.3%	16.8%	24.8%	1.2%	-0.2%	28.7M	-328.2M	-25.5M	1.52	56.86	58,584	88,802	2,123,983	2,485,750
2026-02-10	$39.59	$39.00	24.3%	6.8%	19.8%	15.6%	24.0%	0.4%	-0.8%	49.3M	-655.4M	-25.6M	0.63	55.18	70,886	44,754	2,174,181	2,543,639
2026-02-11	$39.45	$39.00	24.0%	6.9%	19.5%	14.8%	24.7%	0.5%	0.1%	35.8M	-481.7M	-25.4M	0.08	12.89	478,982	36,898	2,192,909	2,564,801
2026-02-12	$38.66	$39.00	24.4%	6.9%	20.6%	15.6%	24.2%	1.2%	-0.4%	-10.2M	499.5M	-25.9M	2.17	28.88	29,564	64,149	2,494,449	2,587,812
2026-02-13	$38.34	$39.00	24.1%	6.9%	20.7%	15.0%	24.5%	0.7%	-0.0%	-55.8M	1.06B	-25.1M	1.71	11.39	18,092	30,973	2,303,839	2,603,609
2026-02-17	$38.58	$39.00	24.5%	7.0%	20.0%	16.0%	25.0%	2.0%	1.8%	-29.3M	780.8M	-24.5M	0.34	11.81	99,519	33,381	2,266,361	2,587,179
2026-02-18	$38.72	$39.00	24.1%	6.9%	19.7%	14.9%	25.9%	2.3%	-0.0%	-30.1M	629.6M	-24.9M	0.80	39.83	72,157	57,764	2,319,011	2,608,698
2026-02-19	$38.55	$39.00	24.6%	7.0%	19.0%	16.2%	24.9%	1.7%	0.6%	-34.8M	830.1M	-24.9M	0.99	17.17	35,709	35,477	2,367,821	2,639,926
2026-02-20	$38.73	$39.00	25.1%	7.1%	19.1%	17.5%	25.4%	1.5%	0.2%	9.4M	743.6M	-25.0M	0.41	63.95	110,266	44,870	2,363,139	2,631,447
2026-02-23	$38.70	$39.00	25.8%	7.5%	19.1%	19.1%	26.2%	1.6%	0.4%	18.5M	128.3M	-24.6M	0.46	15.83	51,099	23,283	2,026,560	2,383,142
2026-02-24	$38.45	$39.00	25.4%	7.5%	19.2%	18.2%	26.5%	1.0%	0.1%	675.7K	439.5M	-24.5M	0.66	11.66	50,605	33,428	2,037,291	2,389,744
2026-02-25	$38.45	$39.00	24.8%	7.2%	18.6%	16.6%	25.6%	1.4%	0.4%	-5.7M	447.5M	-24.2M	0.79	18.81	29,264	23,203	2,040,325	2,405,478
2026-02-26	$37.36	$39.00	24.7%	7.2%	19.7%	16.5%	27.9%	0.7%	-0.1%	-70.6M	1.50B	-23.1M	1.22	18.12	90,043	109,950	2,048,399	2,419,594
2026-02-27	$37.34	$39.00	24.3%	7.0%	19.5%	15.4%	24.6%	1.5%	0.4%	-77.1M	1.57B	-22.9M	0.57	12.22	37,534	21,527	2,068,086	2,455,970